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Iran Inks Petchems Investment Deals With Japan & China, Shell Adds Upstream MoU
...anian year in March 2017 through short-term usance and medium-terms contracts. NPC investment director Hossein Alimorad says the company is talking with two German companies to open credit lines amounting to €12bn ($13bn), with Japanese firms for a total of €10bn ($11bn) including the Marubeni and It...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
Aramco Sets Out Petchems Targets As Sadara Plant Inaugurated
...fore a permanent repair could be undertaken (MEES, 7 October). Rabigh 2 was originally scheduled to start up its first units in 2016, but the venture recently announced that construction is now not expected to be completed until the second quarter of 2017. Delays and scope changes have also raised the pr...
Volume: 59Issue: 48Published at Fri, 02 Dec 2016 -
Qatargas Ramps Up Output At Ras Laffan 2 Splitter
...mpletion in Q3 2016. While a recent Ministry of Development Planning report said start-up had been pushed back from Q4 2016 to 2017 (MEES, 24 June), the latest information suggests a Q4 2016 start-up is still possible. Ras Laffan 2 will process untreated condensate from the giant offshore North Field. Th...
Volume: 59Issue: 47Published at Fri, 25 Nov 2016 -
Saudi Exports, Output Full Steam Ahead Pre-Opec Meeting
...,000 b/d to 41,000 b/d. Yanbu’s manager Shaker Mahrous says “In terms of gasoline production, Yanbu Refinery is already in 2017, as it has achieved its 2017 year-end gasoline production target.” Refined products demand declined by 7% from 2.186mn b/d to 2.028mn b/d for September, and demand is slightly lo...
Volume: 59Issue: 46Published at Fri, 18 Nov 2016 -
Sonatrach Taps China For Algiers Refinery Revamp
...mpany says –probably optimistically – it could likely finance the program from its own resources if oil prices return above $60/B from 2017, or could tap domestic banks if prices were lower. However, the recent appointment of Noureddine Boutarfa as Energy Minister means on official open-minded about ou...
Volume: 59Issue: 45Published at Fri, 11 Nov 2016 -
Kuwait To Invest In Oman’s Duqm Refinery
...oduce light products for export and bunkers for the port. Adnoc has since announced vague plans for downstream expansion (see p2). OOC says the Duqm site has been levelled and a final investment decision is set for Q2 2017. DRPIC last year invited seven prequalified firms and consortia to bid for th...
Volume: 59Issue: 45Published at Fri, 11 Nov 2016 -
Egypt’s Refiners Struggling To Keep Pace With Products Demand
...though gas output has risen to 4.35bn cfd this month, it was at an 11-year low of 3.89bn cfd as recently as May (MEES, 23 September). And Cairo announced a new tender on 24 October for the import of 96 LNG cargoes for delivery in 2017 and 2018, underlining that domestic output is set to remain below de...
Volume: 59Issue: 43Published at Fri, 28 Oct 2016 -
Sabic Shows Steely Resolve As Saudi Petchem Profits Fall In Flagging Market
...ginning in January, and by the global economic slowdown. “We predict that 2017 is going to be a quite challenging year for us,” said Mr Benyan. “We need to focus internally on how we can improve our efficiency. Despite the challenges, Sabic will continue in its growth policy. We will expand our ma...
Volume: 59Issue: 42Published at Fri, 21 Oct 2016 -
Liwa Plastics Delayed To 2020
...ogram. The company is also spending $2.1bn on expanding – from 116,000 b/d to 197,000 b/d – and upgrading its Sohar refinery. The schedule here has also slipped, from 2016 to Q1 2017 (MEES, 19 August), with the UK’s Petrofac and Korea’s Daelim the key contractors. Orpic is also building 290km of 93...
Volume: 59Issue: 41Published at Fri, 14 Oct 2016 -
More Delays, Cost Hike At Saudi Petro Rabigh JV
...The Petro Rabigh joint venture of state oil giant Saudi Aramco and Japan’s Sumitomo has acknowledged that construction of its Rabigh 2 expansion project will not be completed until the second quarter of 2017 with the anticipated total development cost now 10% higher than the previous fi...
Volume: 59Issue: 40Published at Fri, 07 Oct 2016 -
China’s Sinopec Secures Deal For $1.2bn Upgrade Of Iran’s Largest Refinery
...fineries with a combined capacity of 2.04mn b/d (see map). Of the eight greenfield projects, NIORDC has prioritized five: Persian Gulf Star, where the first 120,000 b/d condensate splitter is expected online by the end of March 2017; the Siraf splitters plant; the Hormuz Extra Heavy refinery; Anahita re...
Volume: 59Issue: 37Published at Fri, 16 Sep 2016 -
Aramco Eyes Houston Refining Hub As Motiva Break-Up Advances
...king over the 600,000 b/d Port Arthur refinery near Houston, currently operated by Motiva, its 50:50 US refining joint venture with Shell. Motiva is in the process of being disbanded, this week confirming that it aims to complete the separation by 1 April 2017. Aramco will get associated storage an...
Volume: 59Issue: 36Published at Fri, 09 Sep 2016 -
Sabic Agrees Principles For China Coal-To-Chemicals JV
...ll process coal produced locally in Ningxia to produce chemicals aimed at “highly differentiated applications and segments through polymer derivatives.” SNGC is already building a coal-to-chemicals plant in Ningxia. This is scheduled for start-up in 2017 and will incorporate a 1.4mn tons/year cr...
Volume: 59Issue: 35Published at Fri, 02 Sep 2016 -
Aramco Seeks To Cut Indonesia Refinery Stake
...ster Wheeler is scheduled to develop the scope of the proposed upgrade project and finalize the process configuration and licensors’ package by the end of February 2017. Pertamina and Aramco aim to have front end engineering design completed in 2018, with a view to tendering for engineering, pr...
Volume: 59Issue: 34Published at Fri, 26 Aug 2016 -
Oman’s Sohar $2.1bn Refinery Expansion Schedule Pushed Back
...mmissioning its expanded Sohar refinery until the first quarter of 2017, having initially aimed to have the plant ready to begin commercial operations by the end of 2016. The refinery’s crude processing capacity is being expanded from 116,000 b/d to 197,000 b/d by UK’s Petrofac and Korea’s Daelim under a $2....
Volume: 59Issue: 33Published at Fri, 19 Aug 2016 -
Iran Lines Up Linde To Design Cracker In Giant 12th Olefin Complex
...% by private firm Parsian Oil and Gas, 40% by the government’s Teachers Investment Fund and 2% by private investment firm Hamun Sepahan. Work on the 12th Olefin plant was originally intended to start in 2012, with a view to production start-up in 2017. However, state-owned National Petrochemical Co...
Volume: 59Issue: 32Published at Fri, 12 Aug 2016 -
Egypt To Start Up Key Ethylene Plant, If It Can Find The Gas
...April. MEES expects Egyptian supply will bottom out at 3.6bn cfd in 2017. Egypt is looking to new field developments and LNG imports to boost Egypt’s gas availability in the medium term, but the shortfall is likely to persist until the end of the decade at least (MEES, 17 June). Egas estimates th...
Volume: 59Issue: 25Published at Fri, 24 Jun 2016 -
Iran Sets Out Plans For 75% Refining Capacity Hike
...86mn b/d, according to Abbas Kazemi, managing director of state-owned refiner NIORDC. NIORDC will complete the first of three 120,000 b/d condensate splitters comprising Persian Gulf Star at Bandar Abbas by the end of March 2017, Mr Kazemi says. The five projects being prioritized are expected to cost al...
Volume: 59Issue: 24Published at Fri, 17 Jun 2016 -
Iran Taps Koreans For Tabriz Refinery, Eyes $3.3bn Siraf Funding
...though the splitter was originally scheduled to begin production in early 2016, petroleum minister Bijan Zanganeh told reporters this week that start-up is now not expected before the end of September, although a further slip to 2017 looks likely. POST-SANCTIONS DEALS Asian investors in pa...
Volume: 59Issue: 23Published at Fri, 10 Jun 2016 -
Aramco Looks To Build On Record Output With ‘New Era’ Of Integration
...tchems volumes do not include two big projects which are due online in 2016 and 2017. Although Sadara started up its first polyethylene unit in December 2015, no commercial production took place. The 2.6mn t/y Rabigh 2 expansion joint venture with Japan’s Sumitomo is due to begin commissioning this year, al...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016